401(k) · DOL Form 5500 · 2023
Sonic Automotive, Inc. 401(k) Plan
Data updated 2026-08-11
- $491M
- Total assets
- 8,078
- Participants
- 97th
- Percentile by assets
- $60,777
- Avg per participant
Official DOL plan name: Sonic Automotive, Inc. 401(k) Plan & Trust · Sponsored by Sonic Automotive, Inc. · North Carolina · Retail Trade
$491M in assets, 8,078 participants
Sonic Automotive, Inc.'s Sonic Automotive, Inc. 401(k) Plan & Trust reported $491M in total assets and 8,078 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 97th percentile by assets (of 127,072 plans)
- #8,278 in Retail Trade (8,414 peers)
Coverage in North Carolina
Sonic Automotive, Inc. 401(k) Plan & Trust covers 8,078 participants in North Carolina, 9.9x the typical North Carolina plan (state average ~819 per filing). Assets: $491M.
- $491M
- total plan assets (2023 EOY)
- 8,078
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $60,777
- avg assets per participant
Where Sonic Automotive, Inc. 401(k) Plan & Trust sits by total assets
Sonic Automotive, Inc. 401(k) Plan & Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$490,957,282 Top 3% higher than 97% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sonic Automotive, Inc. 401(k) Plan & Trust reported net income rose from -$69M in the plan year 2022 filing to $70M in the plan year 2023 filing.
- Sonic Automotive, Inc. 401(k) Plan & Trust end-of-year assets rose from $424M in the plan year 2022 filing to $491M in the plan year 2023 filing.
- Sonic Automotive, Inc. 401(k) Plan & Trust reported participants rose from 7,953 in the plan year 2022 filing to 8,078 in the plan year 2023 filing.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Sonic Automotive, Inc. 401(k) Plan & Trust reports 8,078 participants - 9.9x that state average ($491M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $424M |
|---|---|
| Net Assets (End of Year) | $491M |
| Net Income | $70M |
| Employer EIN | 562010790 |
| Plan Effective Date | 1994-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sonic Automotive, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 8,306 | $454M |
| 2023 | 2 | 8,467 | $523M |
| 2024 | 2 | 8,872 | $584M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Duke Energy Retirement Savings Plan $10.4B · 28,121
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
Scale composition for Sonic Automotive, Inc. 401(k) Plan & Trust
Sonic Automotive, Inc. 401(k) Plan & Trust reports $491M in end-of-year assets across 8,078 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $60,777 per participant (44% of the national average assets-per-participant) . Net income for plan year 2023 was $70M.
This plan identity (EIN 562010790, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $424M to $548M (+29.2%) while covered participants moved from 7,953 to 8,469 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,953 | $424M | Open filing |
| 2023 | 8,078 | $491M | This page |
| 2024 · index core | 8,469 | $548M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Sonic Automotive, Inc. 401(k) Plan (401(k), $548M, 8,469 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sonic Automotive, Inc. 401(k) Plan & Trust by total assets, not by location.
- Boyd Gaming Corporation 401(k) Plan and Trust (NV) $491M · 13,637
- Nouryon Chemicals Retirement Savings Plan (IL) $491M · 1,426
- Northeast Grocery 401(k) Plan (NY) $491M · 1,646
- Endo Savings and Investment Plan (PA) $492M · 1,322
Frequently Asked Questions
How did Sonic Automotive, Inc. 401(k) Plan & Trust assets move in 2023? ▼
How have Sonic Automotive, Inc. plan assets changed over time? ▼
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Filing takeaways
Ways to act on Sonic Automotive, Inc. 401(k) Plan & Trust's numbers.
- By total assets, Sonic Automotive, Inc. 401(k) Plan & Trust ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
- Sonic Automotive, Inc.'s sponsor-wide assets have grown 28.6% since 2022 across 3 plan years on file. More Retail Trade plans